Female Entrepreneurship: Challenges Faced in a Global Perspective

Introduction To Female Entrepreneurship

A Female entrepreneur is a woman who is ingenious, looks out for opportunities, has a noble level of determination and commercial acumen, and, most of all, is a noteworthy risk taker (Vinze, 1987). Nonetheless, a study by Kepler & Shane found differences in male and female entrepreneurs based on their effort and performance (2007). Even though half of the ventures that were started in the year 2021 were established by women, according to global statistics, only one-third of the businesses in the world are owned and established by them (Women Entrepreneurship Is Soaring in the US, a New Survey Finds, 2022).

Starting a business from scratch, in general, is a strenuous process, but as a woman, it requires extra exertion in this male-dominated society. The benchmark used by most individuals to measure the performance of female entrepreneurs is the accomplishments or achievements of businessmen. This measurement tactic needs to change. Back in the day, women didn’t have a right over ancestral property or the bare minimum of having a bank account of their own (Pareek & Bagrecha, 2018). According to Birley (1987), in the 1980s, women were more than content with the money they earned from self-employment at a small-scale level or even as regular employees. But lately, women tend to leave their existing workplace due to the frustration of encountering a glass ceiling and low growth rate in the workplace. The author indicates that corporate downsizing contributes to this phenomenon (Buttner, 1993).